100 Park PlPainesville, OH 44077
- Office properties
- 198,276 SF
Property Details for 100 Park Pl
- Year built
- 1973
- Lot size
- 1.84 AC
- Property size (Sq ft)
- 198,276 SF
- Zone code
- B-3
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 15-C-001-0-00-001-0
- APU
- 15C0010000010
Description
This exceptional three-story commercial building, situated in the heart of Painesville, Ohio at 100 South Park Place, presents a unique opportunity for multiple tenants. Boasting approximately 191,000 square feet of rentable space, this Class C property offers a diverse range of unit sizes to accommodate various business needs. Built in 1973 and zoned B-3, the building features convenient freight and passenger elevators, ensuring easy accessibility for both tenants and customers. A rear loading dock further enhances operational efficiency. The property sits on a 1.75-acre lot (APN: 15C0010000010, Lake County) and is ideally suited for a mix of uses, including restaurants, professional offices, art studios, fitness centers, coffee shops, yoga studios, hair salons, and other retail establishments. The owner is willing to collaborate on build-to-suit projects for qualified tenants, offering a high degree of customization and flexibility. One space is currently available. This is a full-service property in a vibrant downtown location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $35,669,836
- 6.5%
- $32,926,002
- 7%
- $30,574,146
-
Comparable approach
- Method
- Valuation
- Relative Method
- $18,546,738
- Geo Method
- $18,546,738
-
Alternative Use
- Use
- Valuation
- Residential
- $40,828,244
- Hospitality
- $37,398,452
- Educational
- $31,115,072
- Medical
- $32,185,168
- Retail
- $48,401,224
Location Insight
- City
- Painesville
- County
- Lake
- State
- Ohio
- Latitude
- 41.7246
- Longitude
- -81.2426
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].